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Tuchuzy founder Daria Sakic offers rare glimpse into voluntary administration – Ragtrader

This is a small excerpt from our upcoming Power Edition, where Sakic reveals 5 lessons she learned to become a more successful retailer. You can subscribe here.

One of the objectives of putting a business into voluntary administration is to see if a financially stressed business can be saved or restructured.

If the answer is no, the idea is that it will drive the best return to creditors versus an immediate liquidation or sale of the business.

Only about one in every four voluntary administration regimes meet the objective and recover and I was determined to be one of them.

Giving up the business and sitting on the sidelines, even though it was a relatively short period of time was challenging, but I had to trust in the administrators …

Read the full article at: https://www.ragtrader.com.au/news/tuchuzy-founder-daria-sakic-offers-rare-glimpse-into-voluntary-administration

Category: LiquidationBy Insolvency Advisory AccountantsJuly 23, 2020

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Tuchuzy founder Daria Sakic offers rare glimpse into voluntary administration – Ragtrader

This is a small excerpt from our upcoming Power Edition, where Sakic reveals 5 lessons she learned to become a more successful retailer. You can subscribe here.

One of the objectives of putting a business into voluntary administration is to see if a financially stressed business can be saved or restructured.

If the answer is no, the idea is that it will drive the best return to creditors versus an immediate liquidation or sale of the business.

Only about one in every four voluntary administration regimes meet the objective and recover and I was determined to be one of them.

Giving up the business and sitting on the sidelines, even though it was a relatively short period of time was challenging, but I had to trust in the administrators …

Read the full article at: http://www.ragtrader.com.au/news/tuchuzy-founder-daria-sakic-offers-rare-glimpse-into-voluntary-administration

Category: LiquidationBy Insolvency Advisory AccountantsJuly 23, 2020

Post navigation

PreviousPrevious post:Don’t worry about debt, deficits and drama-filled disasters – Switzer Financial NewsNextNext post:Liquidated company’s $2.8m lawsuit for mine worker’s fall – Chronicle

Related Posts

Beau Homes goes into liquidation
May 9, 2025
Regulating Fraudulent Use of the Corporate Form
May 6, 2025
Aussie Plant Based Co. acquired by Smart Foods, production resumes
May 4, 2025
Socceroo star Steve Horvat’s family company pushed into liquidation on the eve of Western United heading into A-League finals
May 2, 2025
Perth’s biggest event lighting company in liquidation after being decimated by the pandemic
April 30, 2025
Modco co-founder’s entity in liquidation
April 29, 2025
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